Sample Question Paper for Tax Proficiency Test (TPT)
15 March of the previous year
15 December of the previous year
15 September of the previous year
15 June of the previous year
Any asset
Any capital asset
Land only
All assets other than land
Taxable as income from Capital Gains
Taxable as income from Other Sources
Wholly exempt
Exempt subject to certain conditions
Plant & Machinery only
Plant & Machinery and Buildings
Plant & Machinery and intangible assets
All depreciable assets under the Income-tax Act, 1961
10
5
8
None of these
8 percent
10 percent
6 percent
5 percent
At the time of removal of goods from the factory
At the time of manufacture of goods
At the time of receipt of payment from the customer
At the time of entry in the books of account
Served from India Scheme
Export Promotion Capital Goods Scheme
Advance authorization
Focus Market Scheme